Cheap Apartments for Rent in the Lexington Terrace Neighborhood of Baltimore, MD from $400 (272 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lexington Terrace area of Baltimore.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 1210 N Calvert St

$950 - $1,100

Studio To 2 Bedroom Rentals

Available Now

1210 N Calvert St

BaltimoreMD21202

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 2572 McCulloh St

$995 - $1,350

1 To 4 Bedroom Rentals

Available Now

2572 McCulloh St

BaltimoreMD21217

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Lexington Terrace, Baltimore, MD Local Guide

Cheapest Available Lexington Terrace Apartments for Rent

 

The cheapest available apartment rental in the Lexington Terrace area of Baltimore, MD is a 1 Bed unit found at Penn Square priced from $600. Midtown at Coppin Heights has the second lowest priced unit, which is a 3 Beds apartment currently listed from $848. Here are the most affordable Lexington Terrace apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square1 bdr1BR,1BA$600
Midtown at Coppin Heights3 Bed 1.5 Bath3BR,1BA$848
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
Hampton Court ApartmentsOne Bedroom1BR,1BA$900
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925
Printers Square Apartments1 Bedroom1BR,1BA$933
Vivo Living BaltimorePETITES - The Petite Studio - SStudio,1BA$939
1015 N Calvert St1 Bedroom1BR,1BA$950

Best Value Apartments for Rent in Lexington Terrace, MD

As of December 24, 2025 the best value apartment in the Lexington Terrace area is the $1.13 price per square foot 409 S Spring St Model at 409 S Spring St, Unit #3 in the in the Fells Point neighborhood starting from $2,200. The second greatest value Lexington Terrace apartment is the 927 N Calvert St Model at 927 N Calvert St, Unit 1F starting at $975 with a $0.54 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Lexington Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
409 S Spring St, Unit #3409 S Spring St3BR,3BA$1.13
927 N Calvert St, Unit 1F927 N Calvert St3BR,2BA$0.54
246 W Lanvale St, Unit 3246 W Lanvale St2BR,1BA$1.04
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
2124 Bolton St, Unit 22124 Bolton St1BR,1BA$1.14
1015 N Calvert St1 Bedroom1BR,1BA$0.95
Penn Square2 bdr2BR,1BA$0.80
Barclay Greenmount2 Bedroom2BR,1BA$1.14
1013 St Paul St, Unit 41013 St Paul St4BR,2BA$0.74
Renaissance at Reservoir HillOne Bedroom1BR,1BA$1.15

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Beyond the Classroom: Discovering Baltimore's Best Student Friendly Neighborhoods

Baltimore Student Housing - Find your perfect rental! Explore top neighborhoods near Baltimore colleges & universities for vibrant student living.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Lexington Terrace, Baltimore, and the greater Baltimore area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lexington Terrace Apartments

What is a cheap apartment in Lexington Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lexington Terrace is under $950.

What is the price of a cheap apartment in Lexington Terrace?

The cheapest apartment in Lexington Terrace is Penn Square which is listed at $600, while the average apartment in Lexington Terrace costs $2,944.

What types of apartments are the cheapest in Lexington Terrace?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 434 regular apartments in Lexington Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lexington Terrace?

Cheap apartments in Lexington Terrace have an average cost of $782 which is $2,162 cheaper than the average rent for all rentals in Lexington Terrace.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!